Chinese financial technology companies seek to incorporate the Venom blockchain in their drive for the modernization of digital finance.

In the world of fintech, negotiations are underway between Chinese companies and the Venom Foundation, with a potential deal that could reshape the landscape of digital finance in China.

The discussions, at an early stage, highlight China's financial sector's strategic alignment with state policy. By seeking external partners for technical expertise, Chinese firms aim to bolster their capabilities in areas such as supply chain financing, digital yuan-backed cross-border settlements, and green finance tracking. No specific company names have been disclosed at this time.

Venom, a Layer-0 blockchain protocol, has been attracting attention lately due to its impressive transaction processing capacity. The platform demonstrated the ability to process around 150,000 transactions per second, a feat that could prove valuable for Chinese institutions in areas like cross-border settlements and carbon credit tracking.

One of Venom's strongest selling points is its ability to operate across multiple regulatory frameworks. This flexibility could help Chinese enterprises reduce dependence on dollar-based settlement corridors, a significant advantage in the context of international expansion under the Belt and Road Initiative.

Green finance is another potential application for Venom's infrastructure. As authorities seek verifiable tools for measuring carbon emissions and environmental performance, Venom's blockchain could offer solutions for issuing regulated digital assets.

In supply chain financing, blockchain technology could help address distrust between banks and small businesses by ensuring transparent, tamper-proof data on receivables. This could lead to a more efficient and secure financial ecosystem.

The negotiations between Chinese fintech companies and the Venom Foundation come after a series of acquisitions of digital finance expertise overseas. For instance, the Hong Kong-listed OSL Group acquired Canadian crypto infrastructure provider Banxa in mid-2025.

Beijing has been emphasizing the modernization of financial services, with the People's Bank of China and other regulators releasing "Guiding Opinion on Financial Support for New Industrialization" in May. The document calls on financial institutions to deploy technologies such as blockchain and artificial intelligence.

If a Venom deal goes through, implementation may extend beyond traditional banking into these areas, potentially revolutionizing China's digital finance systems. Market observers predict the deal could close between late 2025 and early 2026. However, both parties have remained silent on the matter, with no official comment from either side.

As these negotiations continue, the potential benefits of Venom's technology for China's fintech sector remain a topic of interest and speculation. Only time will tell if this deal will mark a significant step forward in China's digital finance evolution.

Chinese financial technology companies seek to incorporate the Venom blockchain in their drive for the modernization of digital finance.